Chapter 12 Pharmaceuticals and the Economics of Innovation|3 10.The approval of Vioxx,a painkiller that was taken off the market in 2004 be ause it was implicatedrrests,is an example of Type error by the Fo TRUE.The approval of Vioxx is an example of an undesirable drug being approved. Bhattacharya,Hyde &Tu013Chapter 12| Pharmaceuticals and the Economics of Innovation | 3 10. The approval of Vioxx, a painkiller that was taken off the market in 2004 be￾cause it was implicated in several cardiac arrests, is an example of Type I error by the Food and Drug Administration. TRUE. The approval of Vioxx is an example of an undesirable drug being approved. 3 ￾c Bhattacharya, Hyde & Tu 2013